SPI Energy’s Solar4America Showcases US-Made Solar Modules at Wood Mackenzie’s Energy Summit in San Francisco

MCCLELLAN PARK, CA / ACCESSWIRE / June 20, 2023 / SPI Energy Co., Ltd., (NASDAQ:SPI) (the "Company"), a global renewable energy company and provider of solar, storage and electric vehicle (EV) solutions for business, residential, government, logistics and utility customers, today announced its wholly owned subsidiary, Solar4America Technology ("S4A"), a Sacramento-based solar cell and module manufacturer, is a sponsor and presenter at Wood Mackenzie's Solar Energy and Storage Summit in San Francisco, June 21-22.

"We are thrilled to have the opportunity to present at this industry-leading event this year," said Denton Peng, Chairman of Solar4America. "We will be showcasing our American-made 550W and 580W bifacial modules for commercial, industrial, and utility markets. We are the leading domestic manufacturer in mass production of 550W bifacial solar modules based on the M10 technology platform."

S4A recently announced investment into a TOPCon cell manufacturing line at its second US factory in Sumter, South Carolina, where production for modules and wafers is expected to begin in early 2024.

Solar4America's module manufacturing facility in California produces approximately 700MW annually with combined capacity between California and South Carolina ramping up to 2.4GW in 2024.

Now in its sixteenth year, Wood Mackenzie's Solar Energy and Storage Summit will continue the discussions for catapulting forward the development of North American Solar and Storage through the transformational impact of the Inflation Reduction Act (IRA) and progressing the transition to a clean energy future.

Solar and energy storage research analysts and consultants will gather in San Francisco from June 21-22 as they engage in powerful conversation with leading grid-scale utilities, commercial & industrial solar and energy storage developers, state and federal policy makers and regulators, financiers, and solar module and battery manufacturers.

About SPI Energy

SPI Energy Co., Ltd. (NASDAQ:SPI) is a global renewable energy company and provider of solar, storage and electric vehicle (EV) solutions that was founded in 2006 in Roseville, California and is headquartered in McClellan Park, California.

The company has three core divisions: SolarJuice which has solar wholesale distribution in Australia, as well as residential solar and roofing installation and solar module manufacturing under the Solar4America brand. SPI Solar and Orange Power which operate a commercial & utility solar division, and the EdisonFuture/Phoenix Motor EV division. SolarJuice is the leader in renewable energy system solutions for residential and small commercial markets and has extensive operations in the Asia Pacific and North America markets. The SPI Solar commercial & utility solar division provides a full spectrum of EPC services to third party project developers, and develops, owns and operates solar projects that sell electricity to the grid in multiple regions, including the U.S., U.K., and Europe. Phoenix Motor is a leader in medium-duty commercial electric vehicles, and is developing EV charger solutions, electric pickup trucks, electric forklifts, and other EV products.

SPI maintains global operations in North America, Australia, Asia and Europe and is also targeting strategic investment opportunities in fast growing green energy industries such as battery storage, charging stations, and other EVs which leverage the Company's expertise and substantial solar cash flow.

For more information on SPI Energy and its subsidiaries, the Company recommends that stockholders, investors and any other interested parties read the Company's public filings and press releases available under the Investor Relations section at www.SPIgroups.com or available at www.sec.gov.

Forward-Looking Statements

This press release contains forward-looking statements, as that term is defined in the Private Litigation Reform Act of 1995, that involve significant risks and uncertainties. Forward-looking statements can be identified through the use of words such as "may," "might," "will," "intend," "should," "could," "can," "would," "continue," "expect," "believe," "anticipate," "estimate," "predict," "outlook," "potential," "plan," "seek," and similar expressions and variations or the negatives of these terms or other comparable terminology. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect the Company's current expectations and speak only as of the date of this release. Actual results may differ materially from the Company's current expectations depending upon a number of factors. These factors include, among others, the coronavirus (COVID-19) and the effects of the outbreak and actions taken in connection therewith, adverse changes in general economic and market conditions, competitive factors including but not limited to pricing pressures and new product introductions, uncertainty of customer acceptance of new product offerings and market changes, risks associated with managing the growth of the business, and those other risks and uncertainties that are described in the "Risk Factors" section of the Company's annual report filed on Form 10-K filed with the Securities and Exchange Commission. Except as required by law, the Company does not undertake any responsibility to revise or update any forward-looking statements.

Contact:

SPI Energy Co., Ltd.
IR Department
Email: ir@spigroups.com

Dave Gentry
RedChip Companies, Inc.
Phone:(407) 491-4498
SPI@redchip.com

SOURCE: SPI Energy Co., Ltd.

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